75
75
Dec 3, 2012
12/12
by
CSPAN
tv
eye 75
favorite 0
quote 0
under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came into the system. that serious delinquency is not being shown anywhere. we cannot start dealing with the tough questions about what is the trade-off if we don't first mentioned -- measure the trade- off. i would encourage the fha to go back and recall that chart. then we start saying what is the reality and water were comfortable with. >> for the question of what rate are we comfortable with? there are people who will be more likely to fail and those that are more likely to succeed. perhaps that is actually where we are. sometimes we have recessions that are s
under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came...
131
131
Dec 6, 2012
12/12
by
CSPAN
tv
eye 131
favorite 0
quote 0
are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are primarily in july over the summer. and so it's accurate that interest rates have dropped further than were built into the primary actuarial view. there are two offsetting factors to that, though. one is that home prices have performed better than were used in the actuarial. and that, based on what we know today, even for this year the actuarial would be significantly better if it were performed today just on that one variable. and then the second point is that the act warblee review is a -- actuarial review is a point in time that assumes that we do no f
are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are...
125
125
Dec 1, 2012
12/12
by
CSPAN2
tv
eye 125
favorite 0
quote 0
we are faced with hard choices, a political environment overcome a by leadership is harder today than it was a four. i want to thank you all for coming. we will be doing more of these as part of our oral history project in the future. we should all think the panelists together. [applause] >> looking at very aspects, dealing with the so-called fiscal cliff and today we're going to turn our attention to expiring tax credits that could families and businesses adjoining the sort that discussion is stephen sloan, to start with, could you define frat a tax credit is and how that differs from a taxom deduction? >> guest: post-credits and deductions are used to lower somebody's tax bill. they credit lower somebody's tax bill dollar for dollar. if you say you have the $1000 tax credit come your tax lowere, -- basically a reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a to under $50 deduction -- $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of th
we are faced with hard choices, a political environment overcome a by leadership is harder today than it was a four. i want to thank you all for coming. we will be doing more of these as part of our oral history project in the future. we should all think the panelists together. [applause] >> looking at very aspects, dealing with the so-called fiscal cliff and today we're going to turn our attention to expiring tax credits that could families and businesses adjoining the sort that...
111
111
Nov 29, 2012
11/12
by
CSPAN
tv
eye 111
favorite 0
quote 0
we have clearly a different environment. we have different politics in some sense. and yet divided government all the same. so there's some similarities and differences and we're going to hear from some wonderful people to talk about that. i'll go in order on my immediate right, ron elving, a george mason adjunct faculty member. his day job is senior washington editor of npr for a number of years. he's on "talk of the nation" among other things an under his direction npr has received numerous awards. he was also the political editor of "usa today" and has written bobbings on the congress. next to him, jackie colmes, a journalist with "the new york times," hopefully she'll be reporting on this event. hopefully. wishful thinking. she's been a longtime reporter not only with "the new york times" but "the wall street journal" on budget and economic matters and tax policy covering the white house and congress. worked for "c.q." herself early on. and next to her, joe min-yard who has been at the scene, behind the days at a number of the -- dice at -- deist at a number of
we have clearly a different environment. we have different politics in some sense. and yet divided government all the same. so there's some similarities and differences and we're going to hear from some wonderful people to talk about that. i'll go in order on my immediate right, ron elving, a george mason adjunct faculty member. his day job is senior washington editor of npr for a number of years. he's on "talk of the nation" among other things an under his direction npr has received...
167
167
Dec 4, 2012
12/12
by
CSPAN
tv
eye 167
favorite 0
quote 0
>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways t
>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this...
183
183
Dec 5, 2012
12/12
by
CSPAN
tv
eye 183
favorite 0
quote 0
that applies to life and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic conversation. [applause] captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> president obama addressed a group of corporate executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on r
that applies to life and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic...
87
87
Dec 4, 2012
12/12
by
CSPAN
tv
eye 87
favorite 0
quote 0
what the political environment, the culture on the hill, will accommodate. if the dave camp and sander levin cut a deal on the ways and means committee? >> begin the process and see what they can produce then begin the process of trying to confer. if there's a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration. that they can't get where they need to know. so don't micromanage or be prescriptive. give them the ratio of expend reductions to tax reform revenue enhancements, give that task, this fall, the committee and over the next six or nine months, task them to meet those numbers. i think the capabilities -- capability is there to do it. there's a will and i believe there is, with the president and john boehner, they will get the job tone. >> could i just add an amendment to what he's saying? i don't think it's credible to kick the can down the road that far at this point. i think that the reaction in the real economy would be devastating. so you have to kind of imagine what you're suggesting, vic, wh
what the political environment, the culture on the hill, will accommodate. if the dave camp and sander levin cut a deal on the ways and means committee? >> begin the process and see what they can produce then begin the process of trying to confer. if there's a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration. that they can't get where they need to know. so don't micromanage or be prescriptive. give them the ratio of expend...
144
144
Nov 30, 2012
11/12
by
CSPAN
tv
eye 144
favorite 0
quote 0
to try to create an environment in which already there is a tremendous effort in the world not only to marginalize israel but to discredit it. i certainly want to call on the icc to deny future membership to a palestinian authority as a non member observer state before any final peace agreement is reached. i believe that should the icc attempts to adjudicate any matter proposed by the palestinians, it should be the policy of the united states to terminate u.s. association. in this effort, we join our colleagues in making sure we send a clear message to the palestinians, police and an enormous amount of money to. they cannot have their offices here -- who we send it enormous amount of money to. they cannot have their offices here if they do not engage in a process where they negotiate peace with the state of israel. if they seek these alternative means, we will not and by and allow the palestinians to obeyed the peace process by pressing their political costard and other means. will not provide financial or political support or offices here in washington. if they are not serious about p
to try to create an environment in which already there is a tremendous effort in the world not only to marginalize israel but to discredit it. i certainly want to call on the icc to deny future membership to a palestinian authority as a non member observer state before any final peace agreement is reached. i believe that should the icc attempts to adjudicate any matter proposed by the palestinians, it should be the policy of the united states to terminate u.s. association. in this effort, we...
145
145
Dec 3, 2012
12/12
by
CSPAN
tv
eye 145
favorite 0
quote 1
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their fulfillment. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what -- p. burns about 1.5000 gallons of fuel per day -- 1.5 billion gallons of fuel per day. oh, per year. [laughter] why would really be a problem. but the truth is that sex, what they have done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their...
115
115
Dec 5, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking another $7 billion for the same purpose. i commend governor quomeow and governor christie for -- cuomo and governor christie for including strategic needs in their funding request. both of these leaders have demonstrated inble compassion and concern for the people who they represent and have been highly effective in their leadership since the disaster began and it may also include mayor bloomberg, mayor booker and many other local officials that stepped up and did the job they were elected to do. i hope -- i look forward to hearing from our witnesses today. my colleagues who i have the deepest respect
instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking...
106
106
Nov 28, 2012
11/12
by
CSPAN
tv
eye 106
favorite 0
quote 0
as far as the environment, energy, it's an absolute winner, but we have to do it with the least amount of subsidy and god forbid there should be a profit in some of these operations, but i think we could actually achieve that if we work together. so let's take the report together. first of all, the board of directors, in pria we had organizational problems from very top of the board. i asked the question before. we went to a nine-member board and seven members of the board had been appointed, two democrat appointees were lacking. yesterday, i'm told -- yesterday the white house submitted these two nominees. i'm pleased to see that and i hope the senate acts with due speed and get the folks aboard and in place. sometimes it takes a hearing to get action. whether it's implementation of a strategic plan or highlighting that the board should be filled. maybe they did that of their own volition but i'm very pleased that it was done. all right. let's look at the key folks in place, and you divided it into six divisions. i'm very pleased of what you said about possibly not going forward with
as far as the environment, energy, it's an absolute winner, but we have to do it with the least amount of subsidy and god forbid there should be a profit in some of these operations, but i think we could actually achieve that if we work together. so let's take the report together. first of all, the board of directors, in pria we had organizational problems from very top of the board. i asked the question before. we went to a nine-member board and seven members of the board had been appointed,...
147
147
Dec 6, 2012
12/12
by
CSPAN
tv
eye 147
favorite 0
quote 0
even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will talk about this. there are very dependent, and they're active now. there was another court case, and arrested some smugglers yesterday trying to buy things here. carbon fiber. but they were looking for a carbon fiber when the machine. these things are used in missiles, -- winding machine. these things are used in missiles. europe has tightened up. they have been working actively in china to buy european- american-chinese goods. the government is not completed, but they're not doing enough. we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chines
even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will...
84
84
Dec 5, 2012
12/12
by
CSPAN
tv
eye 84
favorite 0
quote 0
technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? >> permission to address the house for one minute, mr. speaker, and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. >> mr. speaker, members, as announced earlier by congressman ralph hall, we lost a member of the texas legislature, congressman jack brooks, who proudly served his southeast texas district for 42 years after he was first elected in 1952. mr. green: ultimatelying as dean in this house of representatives and dean of our texas delegation. i knew jack brooks from his -- my days in the state legislature and he was one of my mentors when i fir
technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek...
105
105
Nov 28, 2012
11/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
i ran for congress because i believed that we needed to continue to have an economic environment, an economic climate that has stability and encourages growth and encourages jobs. i'm sure we can all agree that there is more work that needs to be done. but i'm hopeful in the days, the weeks, the months and the year ahead that we can finally come together, not as democrats and not as republicans, but as americans who are concerned about the future and concerned about that next generation. in doing so, i know that we'll tackle the challenges that our country faces. you know, i'm always proud to tell the people i meet that i represent north dakota. down here in washington, we are the envy of the nation. we have the lowest unemployment in the country, a budget surplus. we're seeing unprecedented economic growth and one of the brightest futures ahead. and to the great people of the state of north dakota, i want to express my deepest gratitude for giving me the opportunity to be north dakota's voice, the voice here in the u.s. house of representatives for the last two years. i'd also like
i ran for congress because i believed that we needed to continue to have an economic environment, an economic climate that has stability and encourages growth and encourages jobs. i'm sure we can all agree that there is more work that needs to be done. but i'm hopeful in the days, the weeks, the months and the year ahead that we can finally come together, not as democrats and not as republicans, but as americans who are concerned about the future and concerned about that next generation. in...
86
86
Dec 1, 2012
12/12
by
CSPAN
tv
eye 86
favorite 0
quote 0
we spent too much -- political environment, political reality. we spend too much money to change the law. it is a difficult political situation we have. only one government in our history since 1948 has fulfilled a legal term. it was the gold my air -- golda meierboal th government, thanks to the yom kippur wall. our decision in this election to move forward as one big party was the first up towards this political reform. it is impossible to only preach and teach to others. you must give yourself some example of what you're willing to do. it was a small party that started as a liberal party. step after step, they took the power. for real political forms, we need political blocs, and i hope to see it the next knesset this new reality, presidential elections, four or five big parties. >> first of all, thank you again for joining us. i do not think if you ran research in the streets of tel aviv or washington you would find a lot of people who know who rousseau and voltaire are. if we want to wait until the palestinians know who they are, it is going
we spent too much -- political environment, political reality. we spend too much money to change the law. it is a difficult political situation we have. only one government in our history since 1948 has fulfilled a legal term. it was the gold my air -- golda meierboal th government, thanks to the yom kippur wall. our decision in this election to move forward as one big party was the first up towards this political reform. it is impossible to only preach and teach to others. you must give...